Chomsky on the economy
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More at therealnews.com Noam Chomsky: Current crisis demonstrates anti-democratic nature of financial system … therealnews real news politics media noamchomsky chomsky economy crisis economic finances wallstreet banks bank
Tags: Banks, Chomsky, Current, Democratic Nature, Economy, Economy Crisis, Finances, Noam Chomsky, Real News
25 Responses to “Chomsky on the economy”
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December 20th, 2009 at 7:34 pm
Is this a joke? Are you seriously suggesting that the only people qualified to “render opinions on economics or international politics” are people receiving “top secret daily reports” from American intelligence agencies?
I suppose this means that, prior to the Invasion of Iraq, George W. Bush was really the only individual qualified to have an opinion on the imminent invasion then?
December 20th, 2009 at 7:39 pm
The truth is a private Banking Cartel runs the U S Economy; it’s called the Federal Reserve Sytem! It is not federal and has no reserves at all. It prints money out of thin air!
December 20th, 2009 at 8:37 pm
You all should investigate Ellen H. Brown’s book = Web Of Debt to understand the SOLUTIONS to this mess Our Government has brought us to!!!!!!!
December 20th, 2009 at 9:31 pm
We need an honest money system, not the Federal Reserve private Banking Cartel!!
December 20th, 2009 at 9:49 pm
The EXPERTS have gotten us into this MESS!!!!!!!
December 20th, 2009 at 9:52 pm
Honestly now, these kind of videos are not the sort you should be commenting on. You are embarrassing yourself and now I feel embarrassed replying. I apologise for giving you further opportunity to display your ignorance on such matters and shall not be replying again. Peace be with you.
December 20th, 2009 at 10:46 pm
wungabunga:
Your inexperience is showing. Regardless of their education, all Presidents are updated with top secret daily reports from the CIA, NSA, and the DIA none of which Noam Chomsky has access. Noam’s only source of international information is the New York Times and other public sources of information. Chomsky is just not qualified to render opinions on economics or international politics – and this is the end of my charity towards you.
December 20th, 2009 at 10:52 pm
America’s last three presidents (and current vice president, incidentally) are all law and business school graduates. obama did a ba in politics and bill clinton dropped out of a PPP ba at oxford to go to yale. But primarily their educational ‘expertise’ is in the legal/business field, and I’m sure all that’s mostly forgotten about now – they’re just letters after your name. You have no idea what you’re talking about on various levels. I’m not wasting any more time debating the issue with you.
December 20th, 2009 at 11:03 pm
Dr. Noam Chomsky, Phd, Anthropology and specialized in Linguistics – not politics. He should stick to swinging the alphabet and leave political and economic theory to the experts.
December 20th, 2009 at 11:31 pm
Why is president in quotes?
What does Lenin have to do with America today?
WHAT THE FUCK ARE YOU TALKING ABOUT YOU RETARD?
December 20th, 2009 at 11:35 pm
Burning books does not enhance freedom.
December 21st, 2009 at 12:06 am
BOYCOTT NOAM CHOMSKY
He’s a liar in the same league as Saul Alinsky, Herbert Marcuse, Karl Marx and “President” Obama. Lenin (Soviet Union) called for an alliance between “socialists” and radical Islam back in 1924.
DEFEAT OBAMA IN 2012
December 21st, 2009 at 12:42 am
No he hasn’t, he’s simply stated that it’s a tumultuous model and we know this already.
He sort of broke off from his reasoning and got all glassy eyed talking about men in overalls hitting anvils and loving each other without convincing me about his idea being better than the status-quo.
Thing is, if you’re a left wing ideologue few people in the media will call you out.
Adam Smith wrote about banks in Scotland collapsing as a result of the same sort of free money dogma as we have today.
December 21st, 2009 at 1:08 am
He’s expounded the flaws inherent in the idea of a “self-regulating” market. Also, giving credit to low-income homeowners accelerated the financial collapse, but it did not cause it.
December 21st, 2009 at 1:16 am
He’s wrong about the economy.
It’s a real shame that people acquire their knowledge of Adam Smith second-hand…
The legislation forcing people to give credit to dubious borrowers is what caused the moral hazard of systemic risk to actualize.
I noticed he dismissed self-regulating markets as pure fantasy but didn’t explain why: there’s no logical reason for this, just popular psychologism.
It’s sad that such an optimist about human intelligence can cop out on such an important issue.
December 21st, 2009 at 1:54 am
If anyone has a transcript of this could you please forward it to me? Thanks!
December 21st, 2009 at 2:01 am
Yeah because ALL companies are like Enron. The Lehman Brothers were different. There was government interference (the housing reinvestment act) that allowed the company to be more tolerant of those with bad credit. That’s what caused the housing market crisis because people with bad credit couldn’t pay their mortgages, thus causing bankruptcy. The government even decided to do bailouts which further weakened the economy.
December 21st, 2009 at 3:01 am
I have to assume that you are less than 1 year old, and as such, I can excuse your ignorance. Please go ask yuor parwents how well deregulation worked for firms such as ENRON, or why Lehman Brothers was overleveraged to the tune of 33 to 1.
I recommend you read Matt Taibi’s articles describing the financial crisis in Rolling Stone- some of the best work done on the crisis.
Ask your parents what’s been happening for the last 15 months.
Down with wall street!
Up with Shakespeare productions!
December 21st, 2009 at 3:10 am
Why shouldn’t it?
December 21st, 2009 at 4:01 am
are you suggesting that wall street should just do as it pleases?
December 21st, 2009 at 4:40 am
i hope it gets worse and worse and worse to the point that people can see how ridiculous it is that we live based on these useless pieces of paper, this invention of depravity, of the mind and the soul,
December 21st, 2009 at 5:20 am
Even at this age, Noam can run intellectual circles around most. Impressive man and a great thinker.
December 21st, 2009 at 6:16 am
Well, how nice of you! Instead of refuting my argument, you insult me. Explain to me how regulations help the enviroment? Nay, show me a model country that is doing so well economically but also enviromentally? I will bring up the US, despite that it didn’t sign the Kyoto treaty. It still reduced its emissions though, but not to regulation. But because the market was freerer.
December 21st, 2009 at 6:40 am
Wow I call you brainless but it’s obvious that you’re merely a man caught in a body with an empty skull.
December 21st, 2009 at 7:23 am
There is no profit in socialism.
It doesn’t work.